All financial information contained within this news release has been prepared in accordance with U.S. GAAP, except as noted under "Non-GAAP Measures". This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. A full copy of Enerplus' Third Quarter 2020 Financial Statements and MD&A are available on the Company's [Read more]
Headlines
ARC Resources Ltd. reports third quarter 2020 financial and operational results and announces 2021 capital budget of $375 million to $425 million
CALGARY, AB - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") today reported its third quarter 2020 financial and operational results and announced its 2021 capital budget that will range from $375 million to $425 million. ARC's unaudited condensed interim consolidated financial statements and notes ("financial statements") and ARC's Management's Discussion and Analysis ("MD&A") as at and for the three and nine months ended September 30, 2020, are available on ARC's website at [Read more]
Pembina Pipeline Corporation reports third quarter results
Solid results continue to demonstrate the Company's resilience All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"), including net revenue, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), cash flow from operating activities per common share, adjusted cash flow from operating activities and [Read more]
Paramount Resources Ltd. reports third quarter 2020 results
CALGARY, AB, Nov. 5, 2020 HIGHLIGHTS Sales volumes averaged 61,064 Boe/d (39 percent liquids) in the third quarter of 2020 compared to 68,839 Boe/d (39 percent liquids) in the second quarter. Third quarter sales volumes at Karr averaged 19,246 Boe/d (57 percent liquids) compared to 16,009 Boe/d (52 percent liquids) in the second quarter. At Wapiti, third quarter sales volumes were 7,925 Boe/d (63 percent liquids), approximately 7,000 Boe/d lower than the second quarter, due to [Read more]
Crew Energy Inc. announces closing of second phase of strategic midstream transaction and receipt of $35 million
CALGARY, AB - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce the second of two closings of our previously announced strategic transaction with a third party midstream company (collectively, the "Transaction"), which was first announced on January 17, 2020. The Transaction is one of many innovative value-creation initiatives Crew has undertaken to streamline our asset base over the past several years. Over and above the proceeds realized from the Transaction, the [Read more]
TORC Oil & Gas Ltd. announces third quarter 2020 financial & operational results
CALGARY, AB, Nov - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and nine months ended September 30, 2020 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Nine months [Read more]
Heavy discount stays flat, rising production in focus
Canadian heavy crude's discount versus West Texas Intermediate (WTI) was trading flat on Thursday, with the market focused on the impact of additional production coming to market. Western Canada Select (WCS) heavy blend crude for December delivery in Hardisty, Alberta, traded at $9.90 per barrel below WTI, according to NE2 Canada Inc, unchanged from the previous day's settlement. Canadian producers are raising production due to the lifting of Alberta government curbs and stable [Read more]
Ovintiv publishes 2019 sustainability report
Commits to emissions-related performance metrics for 2021; delivers sixth safest year DENVER - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today published its Sustainability Report, focusing on the Company's innovative leadership in sustainability and highlighting its significant achievements in environmental, social and corporate governance. "We understand that investors and society expect more transparency, more consistency and continuous performance improvement—from the industry and our [Read more]
Tourmaline Oil buys two privately held oil and gas firms for $526 million
CALGARY - Tourmaline Oil Corp. says it is buying two privately held oil and gas companies producing 76,000 barrels of oil equivalent per day for a total of about $526 million in cash and shares. Including debt, it says the value of the deals is $770 million. The Calgary-based producer, Canada's biggest natural gas producer and a frequent asset buyer in the past few years, says it has agreed to pay $144 million, composed of $73.75 million cash, 1.5 million Tourmaline shares and the [Read more]
Hydrogen’s role in Joe Biden’s “Equitable Clean Energy Future”
As the race for the US presidency winds down, the strong possibility of Biden US presidency brings a focus on renewables. There seems no doubt that the race to replace hydrocarbons in the US will intensify under Biden. The differentiation of hydrogen from green, blue, and gray sources becomes significant as Biden’s policies have a strong focus on green hydrogen. The Biden plan to build a clean energy future includes using renewables to produce carbon-free hydrogen at a lower cost than hydrogen [Read more]